All Topics

The Registrar of Patents and Industrial Designs in Baghdad has implemented stricter procedural requirements for patent and industrial design annuity filings, introducing new rules for agent appointments, Power of Attorney submissions, and compliance reviews. Rights holders must now navigate additional documentation requirements and fees when changing IP agents, while facing potential cancellation of rights that fail to meet renewal standards during year-end compliance assessments.

Iraq's social security system is undergoing significant modernization through the introduction of a Digital Social Security Platform in 2025. How does this new electronic system transform employer obligations, employee registration procedures, and compliance requirements under Labour Law No. 37 of 2015? What are the practical implications for companies operating in Iraq, particularly regarding foreign workforce management and mandatory contribution payments?

Islamic banks in Iraq operate under a comprehensive legal framework established by Islamic Banking Law No. 43 of 2015, requiring Central Bank licensing, minimum capital of IQD 250 billion, and mandatory Sharia Supervisory Board oversight. The regulatory environment incorporates AAOIFI and IFSB standards while prohibiting interest-based transactions and requiring strict compliance with Islamic Sharia principles across all banking operations and financial products.